Soma - Isolux to finish road PPP project after Supeme Court ruling

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Soma - Isolux to finish road PPP project after Supeme Court ruling

A recent Supreme Court ruling has stated that the Panipat-Jalandhar national highway in India, involving an investment of Rs. 4,500cr (US$780 million), will be completed by its existing contractor Soma/Isolux Infrastructure instead of the National Highway Authority of India (NHAI) as had been directed by the Punjab and Haryana high Court earlier.

The concessionaire of the road, Soma Isolux NH One Tollway Private Limited, had expressed difficulties in completing the remaining 40 km stretch of the highway without shifting of the toll plazas and said that it was necessary for continued backing of its financiers. The toll plazas would be shifted to other places so that vehicles playing on the highway may not bypass plazas to skip the toll.

However, a Punjab and Haryana High Court order had asked the NHAI to take over the 291 Km Panipat-Jalandhar highway project from the project concessionaire as it failed to complete the project by 2012.

Now, the Supreme Court is taking into account the fact that the existing contractor has already completed 71% of the work and invested 77% of the total cost to sanction that NHAI allows the shifting of the toll plazas or, at least, files an affidavit stating the reasons for not allowing it.

List of country news

Country news

  • August 05, 2013

    IRB Infrastructure scraps plans to bid for Mumbai PPP megaproject

    Elevated road project in IndiaIRB said in a letter to the Mumbai Metropolitan Commissioner, informing about its decision to quit the project: Read more
  • August 07, 2013

    No bids submitted for Mumbai Trans Harbour Link project

    None of the five consortia shortlisted for the Rs 9,630-crore (US$1.5 billion) Mumbai Trans Harbour Link (MTHL) project submitted an offer on August 5th, 2013. While one of them withdrew from the race last week, IRB Infrastructure - Hyundai, the other four chose not to submit their bids on Monday. Read more
  • September 04, 2014

    IL&FS Transportation closes financing for tunnel project in India

    The road project involves the development of a 6.5-km tunnel and the 6-km approach road along the Srinagar-Sonamarg-Gumri road section on National Highway-1 in Jammu & Kashmir. Read more
  • September 01, 2015

    Isolux Infrastructure starts operations of road concession in India

    Isolux Corsan, through its subsidiary Isolux Infrastructure, has opened the Gujarat/ Maharashtra Border-Surat-Hazira Port Section of NH-6 to the traffic in India. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.